TFS Financial (NASDAQ:TFSL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.
According to Zacks, “TFS Financial Corporation is a federally chartered stock holding company, conducts its activities through its wholly owned subsidiaries. The line of business of the Company is retail consumer banking, mortgage lending, deposit gathering and other financial services. The Company’s operating subsidiaries include Third Federal Savings and Loan Association of Cleveland and Third Capital, Inc. Third Federal Savings and Loan Association offers various deposit accounts, including savings accounts, NOW accounts, certificates of deposit and individual retirement accounts, and other qualified plan accounts. Third Capital engages in net lease transactions of commercial buildings; maintains investments in private equity funds; provides escrow and settlement services; and reinsures private mortgage insurance on residential mortgage loans. The company is based in Cleveland, Ohio. “
TFSL has been the topic of several other research reports. ValuEngine cut TFS Financial from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. BidaskClub cut TFS Financial from a “hold” rating to a “sell” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The company currently has an average rating of “Sell” and an average target price of $18.50.
TFS Financial opened at $15.24 on Thursday, MarketBeat.com reports. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.55 and a current ratio of 1.55. TFS Financial has a 1-year low of $14.32 and a 1-year high of $16.29. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 45.94 and a beta of 0.39.
TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings data on Monday, April 30th. The bank reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.01). TFS Financial had a return on equity of 5.49% and a net margin of 19.87%. The business had revenue of $76.31 million during the quarter. research analysts predict that TFS Financial will post 0.35 earnings per share for the current year.
In other TFS Financial news, CEO Marc A. Stefanski sold 6,630 shares of the business’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $15.16, for a total value of $100,510.80. Following the transaction, the chief executive officer now owns 147,311 shares of the company’s stock, valued at $2,233,234.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Meredith S. Weil bought 5,330 shares of the stock in a transaction on Monday, March 5th. The stock was purchased at an average price of $14.99 per share, for a total transaction of $79,896.70. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of TFSL. BlackRock Inc. raised its stake in shares of TFS Financial by 14.6% in the fourth quarter. BlackRock Inc. now owns 2,940,846 shares of the bank’s stock valued at $43,936,000 after buying an additional 375,235 shares during the period. Bank of New York Mellon Corp raised its stake in shares of TFS Financial by 41.3% in the fourth quarter. Bank of New York Mellon Corp now owns 720,651 shares of the bank’s stock valued at $10,766,000 after buying an additional 210,702 shares during the period. Wells Fargo & Company MN raised its stake in shares of TFS Financial by 316.5% in the first quarter. Wells Fargo & Company MN now owns 215,597 shares of the bank’s stock valued at $3,167,000 after buying an additional 163,833 shares during the period. Jacobs Asset Management LLC raised its stake in shares of TFS Financial by 57.3% in the first quarter. Jacobs Asset Management LLC now owns 379,391 shares of the bank’s stock valued at $5,573,000 after buying an additional 138,191 shares during the period. Finally, Deutsche Bank AG raised its stake in shares of TFS Financial by 61.3% in the fourth quarter. Deutsche Bank AG now owns 300,739 shares of the bank’s stock valued at $4,492,000 after buying an additional 114,236 shares during the period. Hedge funds and other institutional investors own 11.11% of the company’s stock.
TFS Financial Company Profile
TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings accounts, checking accounts, certificate of deposit accounts, individual retirement accounts, and other qualified plan accounts. The company also provides residential real estate mortgage loans, residential construction loans, and home equity loans and lines of credit, as well as purchase mortgages and first mortgage refinance loans.
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